George Soros reduced his Apple (AAPL) holdings by 93K shares at the end of March. He bought 210 K call options which were offset by a 280 K position in Apple put options. Soros is getting bearish about Apple, what should you do? We think you should get a second opinion before making any decisions. Here are what other prominent hedge fund managers were doing:

Stephen Mandel – Lone Pine Capital: Mandel had 1.7 Million shares of Apple at the end of December. He sold about 9% of these, as Apple went up during the first quarter. He had $542 Million in Apple at the end of March, vs. $553 Million at the end of December.